Azerbaijan’s industrial parks attract nearly $6.8 billion in investments

The total investment in Azerbaijan’s industrial parks has reached over AZN 6.8 billion ($3.9 billion) to date, according to the Economic Zones Development Agency (EZDA) under the Ministry of Economy.

"Entrepreneurs have invested more than AZN 6.8 billion in industrial zones and created over 10,500 permanent jobs," Caliber.Az reports via the agency.

From 2013 to August 1, 2024, businesses have saved AZN 483 million due to import VAT and customs privileges offered in the industrial parks, with AZN 22 million saved this year alone.

So far, 150 business entities with an investment volume exceeding AZN 7.8 billion have been granted resident status in these zones.

"In the next phase of current projects, approximately AZN 1 billion is expected to be invested in industrial zones, with the creation of more than 7,100 new jobs," EZDA announced.